VEDL MonthlyIF VEDL closes this monthly candle above 300 level.. watch out for another 50% movement upside quickly. Looks extremely bullish on technical charts.
VEDL
VEDLVEDL(Weekly) :- Breakout done at 246 Target 500/550++ with Stop Loss 200 Below
1) Multiyear Breakout :)
2) Finally Break HR Zone In 4th Time
VEDL - Target Reached after the breakOnce after breaking the resistance price tested the breakout level and then moves up to the target quick as shown in the analysis.
Now one can expect the price to hover around the resistance levels and once it breaks this levels and sustains then chances are good for 300+.
VEDL to take long entrywe can see the good buying opportunity at the BO level above 196 for the target price of 240 with the SL of 184. RSI is also at strength level above the 60. Wait for the confirmation candle to take the trade. This is for your educational purpose only.
👁👀 #vedl #vedabta keep your eye open NSE:VEDL
buy above current black line sl that below black line and trailing target is above red dash lines.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
VEDL is following a wave cycle:It has made a head and shoulder in the past.
Now what is really important is the next move, support zone is coming near 143 form this level the the traders may be more active to go for long as it 3rd way will start from this level and it can move up-to 284. The volume is rising.
Vedant - Expect retracement till 130 levels before fresh upmoveAs per weekly and monthly charts, Vedanta has strong support at 130 levels, thereafter fresh upmove can take it to 190 levels
VEDL - Cup and HandleNSE:VEDL cup and handle. also a good entry above previous intermittent high of 142.
VEDL recovering from a short term backsetVedanta had shown a breakdown when the company failed to de-list. Since then, there has been an unbelievable rise in the stock's price. So much so that has almost recovered from the breakdown.
Great stock to hold for a slightly longer term.
Go long in VEDL.
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NSE:VEDL
VEDL: Neckline of Double BottomBuy above 108 for 109.5, 112; SL as per your lot size and Risk appetite
Short VEDLVEDL has given two candle stick patterns at the top of an uptrend indicating shorting opportunity. Stock was in an uptrend and got rejection from 200 days EMA on 19th Nov and formed a shooting star candle. The next candle was a bearish dark cloud cover candle. These two are indicating short for VEDL.
Short VEDL @ CMP (Safe traders can wait for Monday's candle to be bearish and take entry at EOD)
Target: 92 (Immediate support)
SL: 116.85 (High of shooting star candle)
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